Why am I creating a blog? Well, the main reason is that my eyes have been opened to the world of electricity now that the energy industry has been deregulated. This means SAVINGS for everyone! I'll explain how.
Real Quick History Lesson: The local utility companies used to generate the electricity with their power plants and deliver it over their infrastructure (wires, pipes, and poles). After delivering the electric, they would read your meter, send a bill, and respond to emergencies. But now, with just ONE change, our electric bills can be lower. It's all due to Energy Deregulation.
Energy Deregulation basically means that new competitors are now able to come into the picture, resulting in lower electricity rates due to the competition. The local utility companies (PP&L or PECO in Pennsylvania) were required to sell their power plants and buy electric from companies like North American Power and other licensed electric suppliers, which is then delivered to your home or business.
The local utilities (PP&L, PECO) still read the meter, send the bill, and respond to emergencies, but now you are able to pay a lower electric rate. You don't have to change any habits. YOU JUST PAY LESS for the same service you were getting.
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